Unemployment level continues to rise



Unemployment rises yet again

Unemployment rises yet again

Statistics from the Office of National Statistics (ONS) has revealed UK unemployment rise to almost 2.5 million in the three months to the end of December.

This is a rise 44,000. Youth unemployment has hit a record high at 965,000. With more than one in five 16 – 24 year-olds out of work, this has resulted in a rise of 66,000.

The current unemployment rate now stands at 7.9% with youth unemployment rising at 20.5%.

Prime Minister David Cameron said that unemployment, particularly among the young, was “a matter of great regret”. He did, however, stress that it had been a problem for some time.

Unemployed people claiming Jobseeker’s Allowance also increased last month to 1.46million, an increase of 2,400.

This is a reflection of people having to take part-time jobs because they could not find a full-time job, the percentage of which rose by 44,000 to 1.19million, a record high since 1992, when records began.

Economist, Vicky Redwood said: “The latest UK labour market figures provide further evidence that the jobs recovery has gone into reverse.”

Long-term unemployment also deteriorated, with 17,000 more people out of work for more than a year, to a total of 833,000.

Other data from the ONS showed that average earnings rose by 1.8% in the year to December last year, slightly down on the 2.1% growth in the year to November.

The figures also showed that unemployment fell in Scotland by 13,000, but rose in England, Wales and Northern Ireland.

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